Las Vegas Sands Q2 revenue misses estimates on low hold in rolling play in Macao
LVS•Buybacks and outlook
Las Vegas Sands repurchased $787 million in stock and raised its buyback authorization to $6 billion.
The company did not provide specific guidance for future quarters or the full year.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 16 strong buy or buy ratings, 5 hold ratings, and no sell or strong sell ratings.
The average consensus recommendation for the casinos & gaming peer group is buy.
Wall Street's median 12-month price target for Las Vegas Sands Corp is $66.50, about 46.3% above its July 21 closing price of $45.47.
The stock recently traded at 13 times the next 12-month earnings, versus a P/E of 16 three months ago.
Quarterly results missed estimates
US integrated resort operator Las Vegas Sands said second-quarter revenue declined and missed analyst expectations. Q2 operating profit also missed analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
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